Go Markets any good for forex?

[ISPIZ]

Yeah I agree that nothing is 100% I juts meant alot better than sending OS, and its kept in local banks.

K

 

[alwaysLearning]

i am very convinced now that they do take stop losses out by monitoring them .. it just happened again .. just take my stop loss and run up they go up again !!!

considered warned !

hmmm very sneaky ... i think they move the trade along to take away

it just happens too many times

they could just create trades just to get you !!!

geez

http://www.babypips.com/school/money_management.html

 

[roonapa]

Good article,
Money managment is the key. I wouldnt concern yourself about stop hunting, the reality is that your broker probably has thousands of clients on his books so why would he hunt individual clients stops, and if they deliberately looked for stops and created false prices then that would create opportunities for other clients to take advantage of those false prices by trading the opposite way.

Forex megadroid just did its first trade this week for me with a bit of profit, still not 100% convinced with this EA, it is making profit but it misses lots of opportunities and holds some of the trades a little to long for my liking but cant complain a profit is a profit.

 

[ISPIZ]

I am losing faith in Go very quickly, I called them today to see if they are doign anything about the order delays and the fello I spoke to didnt really seem that fussed about it, have they changed ownership or what, the Go I used to know would be right onto that I can feel a change comign on.
K

 

[stawned]

this lag in price filling is really RIDICULOUS .. its worse than a REQUOTE and i cant even CANCEL any trades while in the process of filling in the trade .. is that bullsht or wat? Its not worth it! Its FXCM (scammers) days all over again!

 

[ISPIZ]

Yeah certainly not good, rign them tomorrow Stawned see if we can get it fixed will save me sending funds around the place.

 

[supermatt]

sounds so fustrating! couldnt think of anything worse. Hope they sort it out for you guys

 

[roonapa]

I must admit I dont agree.
with Instant execution requotes can be very fustrating but only occurred on my wireless internet as it isnt as quick so was easily mssing prices. The market execution has been much better with my wireless execution and nearly perfect on my ADSL.
The problem more often than not will be MT4 and internet/server speed, hopefully MT5 due out at the end of the year should fix these issues.

NO mega droid trade today...quite dissapointing im of to europe next week so need the profits to pay for an upgrade.

 

[wabbit]

I haven't had any problems with GO order execution (touching wood). I press the trade button and before I can release the mouse click, the order has been filled. An EA controlling stop losses in "stealth" mode places its orders and they are filled immediately at/very near the requested price (slippage is a part of life); pending orders have been correctly filled.

I suggest if there are frequent lags in trade execution, the problems could be closer to home than only with the broker?

--

My only ongoing complaint/issue with online FX brokers is the time taken to get funds added to an account. If you get the wrong combination of bank accounts, credit cards, paypal accounts, fridays and public holidays etc then it can take a 'long' time for the new to become available, so the onus is on me to be prudent and "get my part right" to minimise any delays. I believe there are a lot of regulatory hurdles to overcome before the account funding process can be further streamlined? (I guess this means one should trade better and not have to add funds but only trade with the profits! )


wabbit

 

[ISPIZ]

Glad you guys arnt having the same prob, I have 4 diff live accounts on mt4 with different brokers and none of the them have ever had the delayed order problem so I am speaking from experience not just crap not to mention I have been trading along time and have seen alot of things but never like this actually I tell a lie I have seen it at a dodgey UK spread better that says it all anyway enough of that if they dont fix it I will be speaking with my feet as Im sure many other ppl will.
K

 

[roonapa]

I too have other MT4 accounts but they tend to be 4 decimal place quotes and with instant execution like IBFX so the execution is completely different and less accurate plus with the dreaded requotes

I use Go because the new feed is good and they are based here in Oz. But if you are seeing better things with your other MT4 providers then best you stick with them . I too have been trading for years and used to be a LIFFE trader in london. I have seen some dodgy companies in the past but these guys seem on the level. My trading is going well and wouldnt want your comments to mean that Go have to change their structure.

 

[ISPIZ]

Sounds like someone has a job with them lol regardless of any of that tho.
Seriously I really like Go and want to stay with them but come on if you have done what you say you have done then seriously the order lag is a big prob if they are straight to market then why order lag I have never seen it with MB or any ecn I have used and never with futures if my futures provider had order lag they would be broke, we have 2 ppl on here that are getting the lag and a few others I chat with from time to time are having the same prob but in saying all that I can deal with it its not the end of trading but to be a proffessional trader you need the tools to match and at the moment that order execution is not professional end of story.
K

 

[roonapa]

I see your point but seriously i also have MB and FXCM oz and they have the same execution, Ok admittedly my MB is a demo that I have been testing but they all seem the same and are the same speed. Back in the old days I used to use IG's messenger system where placing orders online meant you were communicating with an actual dealer , very slow and laughable now if you think about it.
Have you thought about upgrading or upping your internet speed? im trading from home in the burbs most of the time but the internet speed is very good.

 

[fapturbo]

Sounds like someone has a job with them lol regardless of any of that tho.
Seriously I really like Go and want to stay with them but come on if you have done what you say you have done then seriously the order lag is a big prob if they are straight to market then why order lag I have never seen it with MB or any ecn I have used and never with futures if my futures provider had order lag they would be broke, we have 2 ppl on here that are getting the lag and a few others I chat with from time to time are having the same prob but in saying all that I can deal with it its not the end of trading but to be a proffessional trader you need the tools to match and at the moment that order execution is not professional end of story.
K

Did you read this??

 

[ISPIZ]

Hey Roonapa,
I have ADSL2 and I get a very good ping speed from a program that I subscribe to that is in New York and I have never had any other probs with speed before, dont worry I am pretty thorough at looking at my end first before I say anything and my end seems fine.

Sure did Fapturbo, lets get this straight I am not trying to bag or put down Go I am a fan all I am trying to say is the order lag is not good and it isnt in anyones language, I had one earlier today that was about 4 seconds and the biggest prob with it is you dont know when its going to hit, with my scalping method i dont use stops I exit when it isnt working and I want to exit at the ticket price or there abouts, give or take 1 pip is fine but when you get to 4-5pips thats when she gets pretty bad I think you will agree.
K

 

[AbundantIncome]

http://www.babypips.com/school/money_management.html

thanks for the link. I did went there. I lost a big one last week should have heed the warning about not trading lol ... lost 8 grand about ...

thanks God I got it back, nearly all of it in the past three days . something is really wrong in my trading for sure .. back to the drawing board .. newbie's LUCK I guess ... I think I should start a new newbie trade with my experiences ??? been very stressful to say the least ... got out to early, wrong order/figure punched in, could not get out of trades. Sometimes I feel that the big guys at the bank has the most upperhand like they could just move you as they do not have to worry as they could trade against one another without losses and/or commissions ???? but I could be just being paranoid ... but some times short term charts seem to be that way, they seem like bullish and suddenly pulled down without any news etc ???

i prefer the requotes so I know what i am paying for .. not like 5 pips ahead from the range where i wanted to get in .. that is a no no ...

thanks

 

[AbundantIncome]

If they have a very low win rate and cannot ask what THEY are doing wrong it is wise to give up. You will just blow your account and give it all to Gomarkets.

But here is some help. I bet you are casing moves looking for smallish profits. Smallish in time or reward. Try fading moves if your trades are less than 30 min. Or entering retraces rather than breaks.

Do I work for Go!! LOL. they wish :

Thanks for the tip. Yes, I trade short term on 5 minutes chart. Maybe too short but again I lose concentration easily. I think I have ADD so ...

I am now 300 bucks down with their account, although I was up 1 k profit at one stage !!! Well, expensive lessons I must say ....

 

[AbundantIncome]

if IB is so much better, why don't u trade with em???

I am trading with IB also, actually I am talking about general trading from the brokers (as I am sure they do trades also) not just about GoMarket so it is not directly pointed at GoMarket although this is the thread.

IB needs big trades to get better spreads and they require commissions and hence I tend to be very conservative with them.

GOmarket I could let ot lose the whole account of 1k, but I did 500 withdrawal so I am letting the whatever balance left do their thing

 

[AbundantIncome]

Hi mate, i'm here with you in that ... what you are trying to say is they are SLIPPING you on price ... it his happening to me as well with GO. I click on a price i see ... and it take about 3-4 seconds, as the screen says confirming price (or something) and fills me in after the market moves 2-3 pips (thats not what i clicked for) - Now this is WORSE THAN REQUOTES, because you can ATLEAST deny to accept a requote, whereas here you once you have clicked on a price, thats it, you are comitted no matter WHAT PRICE THEY GIVE YOU!

Its happening a lot now that they have this "Buy/Sell by Market" system, and its giving a shi*tloads of slippage. Thats not right!

Now when it comes to stop hunting, i dont think they are targetting you, and the price (With all brokers) have moved similarly (+/- 2 pips) - i can tell you this as i trade with 4 brokers!

thanks for the insights ... yes, I was pointing out the facts that my price executed was like 3-5 pips away from the high end of the range when I bought it ... sneaky thing could happen in such situation ...

i watched IB, I got stopped out again (this afternoon) and they just moved 1 pip below and then rushed up !!! so I do not know what to think .. I have issues getting in trades and outs .. so getting taken out like that is kinda demoralising ...

 

[AbundantIncome]

Hi,

Yes, once again the improvements take us backwards with Go Markets, I am finding the processing time slower when there is any activity in the price.

I discovered another "gotcha" this morning, in every other feed that I have tried the chart price is the sell price and that was the way it USED to be on Go.

If you look at a chart you will see that the Sell price in the order box is now 2 pipettes BELOW the Sell price on the chart.

The charts are incorrect, all Stop Losses need to be adjusted, if you Buy and your stop loss appears to just miss but you are closed out then that is because Go deduct 2 pipettes off the chart price within the order box, which is the price they use, not the chart price.

Naturally I found this out the hard way this morning, the price just missed my stop but I was stopped out by the extra 2 pippettes deducted by GO.

I guess it is their right to do whatever they want, but I have never seen the price differ from the chart to the order box on an MT4 feed before, I have seen it differ when a feed is based on mid point but that is not MT4.

So I will think about my options re brokers again.

Yes, processing time. Not sure if it relates to the connection to their server ? I do not have as much issues as demo on IBFX. When I click on the gomarket TAB, they do not seem to response ??? It just hung ??? Just tested now, there seems to be always a delay accessing their MT4. Hence, sometimes am frustrated when I really wanted to close trades or open trades, they give me blank ? not sure if anybody else has this experience ?? maybe my VISTA is to be blamed ...

Sorry, nearly a week of responding to replies lol

Cheers